Real-time collateral and liquidity management technology provider Transcend has announced the appointment of BJ Marcoullier as Head of Sales to drive the firm’s business development efforts.
Marcoullier is an industry veteran with 22 years at JPMorgan Chase, most recently leading its North American liquidity and collateral team within the Equity Finance and Prime Brokerage platform. In addition, he played a leading role in the design and implementation of the bank’s global Equity Finance technology platform, which includes all major pre to post-trade systems.
His team at JP Morgan Chase was responsible for funding, liquidity and capital optimization of the bank’s US Broker-Dealers and Prime Brokerage businesses. Other roles include head of the Americas securities and lending desk and trader of swaps and options books.
Marcoullier also served as Chairman of the board of directors of Equilend, a securities lending platform started in late 2001 by a consortium of leading financial services institutions, which include JP Morgan Chase.
BJ Marcoullier, the appointed Head of Sales at Transcend Street Solutions, commented:
“While some institutional functions have leapt forward in the last decade, the use and optimization of collateral remain gridlocked in days gone by. When deciding between options for my next role, Transcend’s combination of vision for making enterprise data aggregation, analytics and optimization a business-driving strategy and the technology to fulfill that promise was unrivaled.”
Bimal Kadikar, Chief Executive Officer and Founder of Transcend, said:
“BJ has a reputation for catalyzing change within one of the world’s largest institutions“He’ll be critical to expanding our business and a game changer to our industry as institutions develop strategies to analyze and optimize collateral more holistically.”
Transcend Street Solutions helps financial institutions to rethink their collateral management and liquidity access. Its services include the harmonization of disparate datasets to analyze all firm and client trades and positions in real-time. Trascend aims to improve its clients’ funding, capital, pricing and liquidity decision intelligence across asset classes. Implement decisions via flexible STP booking service. The company also integrates derivatives client and CCP margining with real-time inventory management to drive efficiencies.